About your Search

20121108
20121116
Search Results 0 to 39 of about 40 (some duplicates have been removed)
do well in a fiscal cliff environment. i'm not in these stocks just for the dividend. in a slow down, you want to own these drug stocks. i'm not worried about the competition. they all have lots of irons in the fire. ely lily always looks like it's breaking down. that's when you have to buy it. mid-40s, you really have to pull the trigger. please, don't panic. fiscal cliff is now top of the mine. we don't believe that people can rise above and, for broker, it's just too easy a call to say, hey, take some profits and move on. we'll be right back. >> announcer: coming up, new priorities. >> bring ourselves from foreign oil. we've got more work to do. >> announcer: america's energy debate isn't stopping post-election. it's just heating up. will the desire for independence push energy service stocks like clean harbors higher, or it could crack down on fracking extinguish their flame? cramer finds out when he talks to the c.e.o. next. and, later, the election correction? the market obliterated anything romney today. cramer is rummaging through the romney rubble to find you diamonds in the
of the regulatory environment, this so-called systemically important financial institutions, too big to fail. you are part of one of those. the fed came out with new capital buffers. jpmorgan and citigroup seem to be -- they are at the top of the list in internships of the buffers, the amount of capital that you are supposed to hold. you have to hold a 2.5% buffer while most other banks have a 1.5% buffer. every time we talk about jpmorgan, people say the fortress balance sheet. you're the strongest bank out there. why is it you have to have a 2.5% buffer when everyone else has a 1.5% buffer? >> anywhere from 0 to 2.5. banks are all different levels. i believe in capital. i believe in liquidity. i think our balance sheet is a fortress balance sheet right now. i never said we actually need the capital. regulators and politicians deemed that has to be necessary. it is what it is at this point. the way it gets calculated is peculiar. if you dig in the calculation, i don't agree with with the way they do that either. it actually penalizes successful companies. it penalizes trade finance. it penalizes
's your take? >> i think those numbers are actually not that bad considering it's been a tough environment. on the bottom line, two cents better shows that the company's actually operating a little better. the issue, really, is related to the stock, which is underperformed so far. it's down 6% last year. down 6% again this year. operationally, they are doing a better job. they also boosted their dividend. when we talk to investors, there seems to be a buyer strike at the moment. investors are concerned about networking and whether that entire market can become monetized and cisco's margins will be decreased. i think what's more important are the details of whether cisco can convince investors that the company can compete in an environment which is becoming increasingly software centric. >> now, you know that gross margins have slid over the past few years. what would signal a reversal in that trend? >> that's a good point. at its peak, gross margins were about 70%. last quarter, they were about 62%. i think more software, better products, and better engineersiengineering of a lot of these
, eventually, the emphasis is on eventually in this ticktock environment. not tomorrow but eventually. maybe a little bit tomorrow. let me just say that we're now going through a process. it's a process that's not unlike what happened last year when we faced the debt ceiling fiasco. everything's based on washington, isn't it? we fell 19% peak to trough before avoiding that catastrophe in the knick of time. and during that decline it didn't matter what you bought. you initially lost money regardless. it turned out to be, though, and this is the operative term for me, not just fiscal cliff, no pain no gain. it was a no pain no gain scenario. i think it's going to be this way this time around scenario too. no pain no gain. today we found ourselves in the thick of the you're going to lose money even on the best of stocks moment. i'm not going to deny it. when you have cisco report a magnificent quarter of tremendous guidance and you hardly get a gain, when you see a stock like home depot headed below where it was when it reported stellar results yesterday you have to accept that earnings alone c
environment will remain unfavorable. in addition, the committee believes that the effective supply capacity of the economy is likely to continue to grow slowly over the forecast period. in october, cpi inflation picked up to 2.7%, partly as a result of higher university tuition fees. the committee's best collective judgment of the outlook for cpi inflation is summarized in chart 3 on page 8 of the report and is based on the same assumptions about monetary policy as chart 1. inflation is likely to remain above target for the first part of the forecast period and is higher than in august reflecting recent outturns and the announcement of large increases in household energy prices. further declines in inflation not being checked by price increases in sectors where market influences are weak. the rising student tuition fees alone added over not .3 percentage points to yesterday's inflation figure and do pestic gas and electricity prices are raising faster than wholesale energy prices. such factors are pushing inflation -- >> the point mervyn king is making there that part of the reason inflatio
's the kind of environment that the president will, i'm sure, be working to put in place. >> what are the implications of going off the fiscal cliff? everyone's saying, well, a lot of economists i've spoken with are saying that the economy does dip back into recession in 2013 if we do nothing by year ends. do you agree with that? give us the on the ground implications of going over the cliff. >> maria, to go over the cliff is to make recession and overwhelming likelihood to make severe recession a real possibility, to undermine the legitimacy of the united states in the world as a leader because it can't manage its own finances, and because of the implications for the pentagon budg budget. going over that cliff is an outcome that has to be avoided. at the same time, in saying that, it's an outcome that has to be avoided, that can't become a license for terror. that can't become a license that whoever is most unreasonable gets their way because we have to avoid going over the cliff. i think a compromise will be found. >> what do you think is most important for the next treasury sec
in that environment. >> along those lines, michael, what are you waiting for to get back into the stock market in a bigger way right now and get out of bonds? >> i think have you to have the cyclical trade outperform. emerging markets are pretty resilient here. i think that's bullish. you also need to have bond yields rise. we see the ten-year back at 161 despite every single effort by the federal reserve to force reflags back into the system. the bond market has to believe the fed is going to be effective. >> so, for the foreseeable future, you're waiting for some sort of sign the economy -- the growth in the economy and reflation effort is going to take hold, is that it? >> the market has to believe it's going to be enough, by way of context. the fall from apple from peak to where it is now is $100 billion of market cap. $40 billion a month. the numbers are so billing and yet the federal reserve talks in billions when we live in a world of trillions. >> so what's the -- what's the best plan here, then, toward year-end? we have the clarity of the president in the white house but we have no cl
home long a market in an environment where there's -- well, there was uncertainty, obviously, until last the presidency. now we have, you know, continued trauma with what's going on in europe in addition to what's going to happen in washington. clearly, there's just a further divide between one side and the other. that just poses itself that the markets are going to be heading lower. people want to take off. they're not going to be exposed overnight. during the day, it's a lot of back and forth ping-pong and people looking at single stock games and trying to do the best they can. >> yeah, unfortunately all of this uncertainty has led to this sharp decline since the election. s&p capital iq says the market value of all companies on publicly traded exchanges of the major exchanges has dropped by $750 just since november 5th. brian singer, let me ask you about that. would you be poised to put money to work in this selloff, or do you want to get to the sidelines until the dust settles? >> generally speaking, i think the environment is one where you want to look for an opportunity to act
or anything but we all know him and he was worried about the regulatory environment that we're going to see in the future, and his thought was that with the people that would be put in place, like-minded people put in place over the next four years it will take 25 before it's gone. i go well we'll both be dead by then. i hope not, but in all likelihood before this reverses, then i went to the liquor cabinet again, and anyway. could it be 25 years before we reverse some of the regulatory? >> i haven't thought out that far but -- >> you're still young. you might be alive. >> perhaps. >> dodd-frank only a third of the rules for dodd-frank have been implemented. >> talk about which ones are coming back. >> we've only just begun. >> which is why the financials sold off yesterday. >>> if you have comments, questions, anything you see on squawk, shoot us an e-mail squawk@cnbc.com, and follow us on twitter. >>> power in the nation, which companies are best equipped to keep your lights on? >>> later, athenahealth jonathan bush, the younger cousin -- anyway, we'll talk about the election results and
" cramer gave you ideas for keeping your portfolio airborne in this environment. what sky high advice is he about to give right now? jim's mad dash is coming up next and romney for president policy adviser lanhee chen. take a look at futures as we start into the open bouncing off three month lows. "squawk on the street" continues right after this. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >> jim and his mad dash talking. this week is a watershed week for nat gas in general. >> cold in new york. 28 degrees. that often can burn off the inventory. clean energy fuels had them on last night. why focus on this? they have a clear growth path to build out stations. lloyd blankfein said in his editorial that key thing for growth in our country is energy. abundant energy. i thought we should look at clean energy that would benefit. markwest, this is a company that has a price above where they d
in this environment. carl, back to you. >> wednesday is the day when they name the new partners at goldman, i believe. >> that's right. >> people waiting for the call. >> people close to or a source close to goldman sachs says it will be the smallest class in over a decade. probably less than 70 will be named partners at goldman sachs this year. back to you. >> thank you so much. mary thompson at headquarters. a big mover in drilling and natural gas space. >> weatherford this morning off 12% at 3.5 year low. the company warning that fourth quarter is going to come in for earnings below consensus on that number. and they also said that they still have not been able to resolve what they call material weakness in internal controls over financial reporting. they actually didn't break out their third quarter numbers. stock getting hit hard on a day when energy is already to the downside. >> motor trend magazine naming tesla's sedan the car of the year. will the model live up to the hype? we'll find out when tesla ceo elon musk joins us. >> just seven short weeks left to hopefully do a deal on the fiscal c
, abt, the kind of stock you need in this environment. robert in new york. robert? >> boo-yah, jim. how we doing today? >> not a bad day at the office. how about you? >> i'm doing pretty good. long time listener, action alerts member. >> thank you. >> my question, so president obama being re-elected and the drug patent cliffs as backdrop themes, i know you're playing abbott lab and bristol-myers. >> yes, you read it from the trust, thank you. >> yep. i went after an old favorite which is down at the bottom, teva pharmaceuticals. i want your view on 2013. >> let me give you a weird good news about teva. they reported a quarter i didn't think was great and the stock didn't go down. i wanted this stock to bottom for some time. i was using one of their products the other day. they are the greatest generic. people are worried about the ms drug. i think the risk is taken out of the stock. i have to tell you, robert, i don't know about the worries. so you know i think it's inexpensive. i just don't have a catalyst. i'm sorry. let's go to john in texas. john? >> blue sky boo-yah, jim. >> i like
on the low end with more value oriented stores that should be thriving in an environment where lots of people are worried about taxes going up year end and the fiscal cliff is starting to get top of mind. you have a stock like walmart which has been a jugger not, going up in a straight line since april until the recent pullback. then there is a company like -- sell, sell, sell. jcpenney. if you thought things couldn't get worse for jcpenney on the news from the ceo, well, you were very wrong. as the company missed estimates once again on friday, reporting absolutely hideous numbers, they were blinding. sure enough, pennies continued the decline today, down another $2.67, 13%. like the wheel of fortune, where she stops, nobody knows. far more important, just so you know, there is a piece of preferred, there is another corporate piece of paper affiliated with jcpenney and that is sinking like a stone. that is more valuable to tell how bad things at jcpenney are. getting rid of coupons, cutting price as cross the board, they failed tragically and they started issuing coupons again. customers don
% in a zero interest rate environment. we all knew it was going to be a slow economy. we all knew the market was going to grow slow. the bottom line is even with the decline in the last eight days, we're still up 6.5%, 7%. >> you're saying to buy into this selloff? >> i think you have to buy into it. where are you going to put your money? most of the money is going into fixed income. that's just crazy. we know future interest rates are going to go higher. that's not going to hurt corporations. it's not going to hurt profits, but what it is going to do is hurt the individual investor. they should be in equities. when you look at the dividend plays out there, it's crazy not to be. >> boy, when it comes to the markets, michael, you could not have a more different point of view, could you? >> we have about 30% cash. i took out another about 20%. we're about 50% today in cash. i don't think the fiscal cliff is going to happen. i think they're going to punt. i don't think anybody in washington, d.c. has the meatballs or spaghetti to care about cutting our debt and deficits. you know, the only thin
the atmosphere that we are facing and the environment that we are going to face in january? >> first thing i would remind them is to expect the up expected. a couple of years ago, we were all stunned when president obama signed into law the tax relief act that extended bush tax cuts and increased transfer tax exemptions to historic levels. we are now looking at something very different and we need to prepare for taxes rising, but also, take advantage of certain opportunities today. as you say, we have got about six weeks left to get it done. >> let talk about some of those advantages, because it's such a scary story really. >> yes. >> if you've had a decent year in the market and you have some gapes, a lot of people are talking about apple, for instance, there's some thought that maybe if you have a pretty decent gape in apple, do you take those profits this year? do you accelerate your income at this point? >> well, think about what's happening to capital gapes tax rates. we are at 15% today, slated to go up to 20% in january, plus you have the specter of the new medicare tax, which now we
it is not a major league stock. it is the wrong stock for this environment. >> susan. >> how do you feel about exel? >> i like exel. and by the way, another one of -- another one of our specs, dbax, nice move today. remember, i am in favor of speculation as long as it's only one small piece of your portfolio. and that is the conclusion of and that is the conclusion of the lightning round. but whetr he's climbing everest, >>> everybody is freaking about about washington. the fiscal cliff is a man made problem that congress and the president created. if they would stop squabbling with each other they could solve this thing with the stroke of a pen. i'm not trying to minimize the scale of the problem. it could send our economy back into a recession. i'm going to keep going. people are saying why is this stock and that stock down. it is always the same. it is because the fiscal cliff. it is killing stocks. but you know what? some of the stocks that would be the worst hit, the defense contractors, are telling a different story. as a big part of the cliff, they are telling a different story. i'm talking
at a normal interest rate, i'm a guy that wants to go 50/50 bond equities, are you saying in this environment i should be 75 equities, 25 bonds because of the risk? >> yeah, i think the problem is nobody is 50/50. today people are sitting at 80% this bonds. 10% quit tis and a little bit of cash. here's the big issue. americans need to retire. 75% of them have already said they don't have enough money. 40% said they'll never have enough money. so they're funding their lon term liability which is retirement 15 years, on average 58 years old, and they're funding it with a security that's at the end of its peak cycle. so usual getting zero rate of return and you're saying i'll fund the liability by an investment that i'm guaranteed to lose money in. the world is more complicated. it's not 50 stock and 50 bond. so you have to say i need to start to move into a more balanced portfolio. the big problem people have is they think it's a binary switch. i go from stocks to bonds. maybe risky people and speculate tors do that. but it means i need to start to lessen my bond position, because more balanced
. natural gas, fracking, and the environment. each week keep it here where wall street meets main street. have a great week, everybody. see you next weekend.
should be positioning your portfolio in this environment of uncertainty. he manages more than $14 billion for westfield capital. and will, i know you've got interesting thoughts about what's working right now and what people should be doing. which is great, we hear from a lot of people who freeze up at this point, keep things in cash. but you're looking specifically at stocks that might benefit from things like an improvement in the housing industry, which is something we heard yesterday from home depot. >> yeah, exactly. i think the one big difference with the debt ceiling negotiation, for example, the republicans had an incentive to make the current administration look bad because they're trying to win an election, right? well, now with the election over, i think there's an incentive for them not to obstruct. and so i do think something will get done. it'll most likely be a minor deal to buy some time and maybe we get a major deal in 2013. but at the end of the day, i think there'll be some fiscal drag in the first half of '13. rather than sitting cash where you get zero, what can you d
the average reinsurance rate environment will not change based on sandy loss only. >> what's your take on the insurers generally speaking, do you like them as group, what are issues they need to face to see share outperformance? >> it will some quite some time to get some decent estimates. there's uncertainties in many regards and clearly estimates my tend upwards from the current estimates. we just have had a down ground from a hurricane to a post tropical storm. that means deductibles for homeowners basically will be much smaller and losses may be higher. we also have business interruption basically going up. but for swiss re, we have around 400 million of net cap losses and now a budget of 1.4 billion for that. so it shows that fourth quarter will not be hugely impacted from the storm. the real issue for the industry is low interest rates. recurring yields are coming down and the longer we have low interest rates, the longer recurring yields are really heading down to low levels and impacting roes. that's the real issue. >> travelers, primaries will take the biggest hit. how does th
such as protection of the environment as well as narrowing the gap between rich and poor. but as i said, these are very carefully worded. especially this year. no one wants to say something that is too aggressive or too reformist. because of course there is a pretty powerful group that are against pro market reforms. there are some that benefit, some leaders especially that benefit from the status quo like the officials of state owned enterprises which enjoy some advantages in the form of easier access to loan and less competition. >> if i could ask whether it really matters if the way that we read the tea leaves if it's the reformers or the conservatives here who have more influence in terms of this transition. what he he's the latest view one impact it will have? >> tons of speculation ahead of the roll out on thursday. it's likely going to be a mix of both some reformerses and some conservatives, but you're right in the sense it may not matter in the short term, but long term it will have an impact because some analysts say that the hu jintao administration on the way out did not do
process and with this going on, we will have very difficult environment for investment and growth for the euro area to go ahead. so without clarity where the euro area goes, the environment will be quite difficult. p. >> okay. thanks very much for that. now, he mentioned weakness in europe. that's extending to the u.s. we are seeing futures trying to rebond here, but again, we saw levels of decline in the range of 1.3 to 1.5 yesterday for the major bourses. this morning we're really only getting about 25 points in rebound for the dow jones industrial average. which is thousand sitting at 12,559. the nasdaq and s&p are also showing a little about the of a r rebit of a rebound, but not huge moves. investors digest the growth tigs or lack thereof. spain is trying to move to the up side adding almost 0.3%, so a little better than last time we checked in. the other three down. as we're learning about the slowing of the german economy and the ftse 100, shedding 0.4%, below the 5700 mark. now, we are seeing in the uk a little better, but broadly speaking a mixed picture. we started off s
. as a military officer you have got make decisions in imperfect information environments but it certainly prepares you for trying to put together a business. >> when starting a business in a small economy, it's important to be as lean as possible because every dollar is needed. we recouped our initial equity in 30 days of sales. now in the past 12 months we have grown 1,000 percent. >> to the westpoint cadets who are watching today and the young men and women, the training you will receive in the united states military will prepare you for any number of challenges that will come your way in life. draw such energy from the young kids who are learning and have a desire to serve. it just reminds you that the fabric of america is still very strong both in our military and our business life. the american dream is very real and we will pursue it. >> and now it is time for the lightning round. when you play to this sound and then the lightning round is over rchl you ready ski daddy? time for the lightning round. go ahead, sir. >> so babiators, we would love to hear your thoughts on in order stro
. and in these kinds of environments where we see few details often those are the best deals. it's when everyone has confidence and equity markets are up and everyone is feeling great that they do stupid things. >> right. there you go. >> let's check in with bob pisani here on the floor with more of what's moving this morning. >> boy, did i hear dumb talk over the weekend about going over the fiscal cliff. i guess you were going to hear it. go ahead. let them go over the fiscal cliff. who cares. i heard this even from some people whose opinions i respect. well known economists and columnists. good heavens. did anybody look at what happened last time we were talking about this? the fiscal cliff is a wake-up call to politicians. august 2011, we were all here sitting on this floor when they couldn't agree on simple ability to raise the debt ceiling and they downgraded the debt. remember what happened? the s&p dropped 7% that week on the monday after it dropped another 7%. the vix went to 50 for a long time it stayed there. it ruined it the entire summer. almost the entire year of gains for virtually ev
ones. i am searching for the companies that i like that can thrive in this environment with the fiscal cliff and a recession a possibility. look, u.it it's a possibility. today i was throwing a surprise party for amgen. you know what, miscafiscal clif fiscal cliff, we're still having an amgen party here. inappropriate balloon movement there. they make all kinds of drugs for serious illnesses. it has 70 products in development that are starting phase three clinical trials in the early part of next year. phase three means it's getting through fruition. amgen could double earnings per share over the next eight years. that is much better than a sharp stick in the retina. amgen reported on october 23rd after the close and the company delivered spectacular results and was a true triple play. came in $1.67, and revenues 5.9% year over year. when the street was looking for 4.25 billion. and four-year guidance, substantially higher than the analysts expecting. those were fabulous numbers. no surprise that the stock shot up from $87.32, to nearly 90 in after hours trading. however, the next day
money in this uncertain environment? >> bill, thanks for having me. we're going long and short various sovereign debt and currency instruments. given the election on tuesday, the fact we know the fed is going to be on hold for forever, the dollar is going to weaken. i think there's lots of non-dollar stocks that are attra attractive. >> all right, gentlemen. thank you. >> want to get to bertha coombs with breaking news. she's at the flash desk. >> we've been watching the stocks here. take a look. we've got a recall on nestle. it's recalling its chocolate saying one of the elements that goes into it has been exposed to salmonella. they're voluntarily recalling a number of sizes. you may want to check the label and check with your store. >> wow. hasn't affected the stock yet. >> not yet. chocolate milk very popular. >> yes, it is. thanks, bertha. >> 15 minutes before the closing bell sounds. we're worsening as we speak. down 82 points on the industrial average. >> banks have been one of the few bright spots on wall street today after a massive selloff on wednesday. what's behind that? we
the political environment, what they're facing, what is happening beyond just their own individual races. >> well, so, you don't, then, go into the corporate world? is that what you're telling me? >> i don't. we are very, very focused on, you know, we're very good at campaigns. we're very good at winning campaigns. that's where we keep our focus. it's not about money. it's more about we're a republican firm that work with republican candidates. >> all right. well, there's nothing wrong with money in my world. let me just ask you, don't some of your colleagues, you know, take this political prestige, i'm going to call it, and put it to work with private corporations? >> they do. and it's what you're all about. i mean, we -- our company has been around for 35 years. the -- my partners and i used to work for the party. and way wa and we wanted to keep working campaigns and we'll do it for i believe several decades more. different people have different focuses. you know, i've worked in campaigns ever since i was a kid, and plan on working on campaigns until i retire. >> all right. many thank
a minute, we're talking about higher taxes. we're talking about a high regulatory environment. who the heck knows what happens over the near term on the fiscal cliff. is it more prudent to stay on the sidelines? you want to look for specific situations? >> let's assume they're in. they're not traders. we're an advisory conference. they're in the market. i think to sell here, to just get nervous, panic, see what's on the news and to throw it in is not prudent. we're coming into thanksgiving. you have good seasonality. i think we get a lift. when we get a lift, if you are this person who says i need to take some risk off the table, that's when you do it. so if you're looking to go into 2013 and you are uncertain, as i am, i think we have a lot fourth go down. so if you're a trader, i think you can trade this to the up side. if you're a longer term investor, you get a pop, you take some off the table and you re-evaluate like in six months. >> that's the strategy. wait for a gain so you're not selling out at the bottom here. >> i think selling in the red today is not prudent. >> okay. dan, let
do them. based on what we think the macroeconomic environment is going to do. >> so you were at that meeting at the white house this week. you joined a number of ceos at the white house yesterday. did the president give you hope that layoffs can be avoided at aetna? how was that meeting? >> i thought the meeting was a very constructive, very frank and open dialogue. i was impressed with the level and the grasp of the issues that the president had and his willingness to listen to american business about the ways that we needed to solve this problem. i think there is is a path to get this done. it's not going to get all done before the end of the year. but i think our message to the president was we're here to support you if you can avoid the cliff and put together a very specific framework on how we're going to get the economy going. because going over the cliff creates more joblessness. and if we can avoid that, we still don't grow the economy in 2013, so we need to show the business community, and quite frankly, all americans, that we have a plan to deal with this deficit so
are talking about a consumer that's still struggling in this economic environment. unemployment has gotten better but it's still around 8%. we've got this fiscal cliff looming. yes, the holidays are around the corner so that's what many retailers are banking on. but beyond that it's been tough. we had super storm sandy hit. that put an impact on a lot of retailers from department stores to big box stores like target and walmart. really what they're saying is the consumer is still under some pressure. that paycheck cycle still an issue for the walmart consumer and they say that jobs, gas prices and rising food prices also an issue for that group of shoppers. >> is housing about to fall off the fiscal cliff? what homeowners and future home buyers need to know right now. >>> mean. time, let's head out to sue at the schwab investor summit. impact in chicago. what do you got, sue? >> we got a lot coming. up. incidentally, ty, they miss you out here. we're going to talk about how to prevent your portfolio from literally going over the fiscal cliff. michael cuggino will show us. a five-star rated
a supervisor who's having a relationship with a subordinate and it creates a difficult environment for the other members of the team. is there legal recourse by those other members of the team, and if there is, how often does that type of action happen? >> in my experience it's unlikely that someone would sue for a situation like that but i can tell you from personal experience that they certainly complain. they find it very disturbing to work with people who are having an affair and so they certainly are unhappy about it. clearly there is huge legal ramifications for having an affair with a subordinate. when we know many companies that have had to pay very large fines because of that. so it is expensive and dangerous. >> thank you very much. the book again, "the discrete guide for executive women -- how to work well with men and other difficulties." as sex scandals rock the defense world, women are stepping in to lead. top companies now choosing females as their chief executives. the latest hire, lockheed martin, long-time executive marilyn huson. is this a trend or is the industr
'd be inclined to sell. >> yea. i think the important thing is that it's not the same environment as the summer. in the summer we had a big euro downtrend. we didn't know what the ecb would do. ecb's there now to provide back steps so the moves will be somewhat smaller and that means you'll have to be careful with the entry point and if you have a spike it would sell out again. what kind of spike are we talking about? 129 or so? >> and walk us through the levels there on a possible trade. >> yea. so if we have a spike up to 1.29, you can trade it down to 1.26 and it's a good risk reward. >> it's good to see you. jens nordvick. be sure to catch "money in motion" at 5:30 eastern time and check out "currency class" at "money in motion." that trade is getting more interesting, that's for sure. >> financials bouncing back a bit today after a big sell-off yesterday. one of the street's top analysts mike mayo here to tell us which banks are worth investing in. that's ahead on "squawk on the street." or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you
this and i think 2013 will be a better environment for equity. but right now earnings estimates in our opinion are way too high and have to come down. >> so both you guys don't think that we're going to before january 1st get a deal where the bush tax cuts are extended just for those at 12250 or below? >> no. to have any kind of deal with the republicans, obama has to compromise to some degree. >> that's why i want to rise above this and just skip talking about it, but he'll come out today at 1:00 and we'll hear folks at the top will have to pay more. we're going to hear that again. plouffe is quote thed as saying that. can we just cut the bs? they're not going to do it. >> that you will krugman this morning, how far should the president go? my answer is not far at all. obama should hang tough declaring himself willing to hold ground even at the cost of letting his opponents and foot down on a still shaky economy and this is definitely no time to negotiate a grand bargain on the budget that snatches defeat from the jaws of victory p. >> that's what we head from podesta yesterday, too.
. that is a real scoop in an environment where there are no deals, david brought us a very good scoop. >> that's why you haven't participated in any of this. there are no other deals. this was the only one. >> not many needles in the hay stack. >> david found the only one. thank you for bringing it here, david. boyd jeffries name. >> what was it exposure in europe? >> egan had all sorts of rhymes and reasons for that company falling apart. >> we'll talk about shipping right now, from i-phones to apparel, cnbc's senior talent producer, lori ann larocco, our staff, incredible producer and her book "dynasties of the sea," and lori ann, reading through this, we know how important shipping is, we talk about it every day but there were things i didn't realize how much of the things in our homes are brought to us from ships. >> 92% of everything in a household has been on a ship and ever since superstorm sandy we've all realized how important shipping is as we're all going through this gasoline crisis. it's really amazing in terms of the wide breadth that the shipping industry has on the economy. >>
environment and economic factors are making things somewhat difficult for our customers and that's why we're getting to those numbers. the stock had come in and it's going to again today. >> a lot of investors are thinking that this gigantic move and pull back appropriately to some average and was ready to blast off. look, you've got target nipping, you've got dollar tree reporting good numbers today. walmart had a great move. and now its great move i think has run its course. >> an amazing chart, if you go back to walmart stocks, the dip in the stock, it was the bryberry bottom for this quarter. i don't know if we're setting up for something better than anticipation but the head of u.s. walmart said november sales started ahead of plans. and they have got some extra sales thanks to lay away which has been a very popular program for retailers of late. >> we used to get monthly comps from all these retailers. >> those were the old days. >> i think the problem with wam mart, frankly is, the stock was acting as if it was going to put target numbers up. pets smart reported the best numbers of
in this consolidated apple like checkout, iphone, anyone can check you out, it's efficient, nice environment. it's the apple store customer interface combined with the best brands of the world in a small geography. we had $250 a square foot in sales with the traffic down 12%. >> for your sake and for ron johnson's sake i hope this works and i love a great come back story. >> i want to leave our viewers with one thing. the biggest problem people have with something like this, how can i own a stock when the sales are down 26%? i'll make one analogy and help people think about how to value this company. we took a stake in wendy's, why did people not like wendy's? i get a chance we come back after a commercial, i'm happy to stay. >> i think we're going. >> give me one minute and i'm happy to come back another time. wendy's, people hated the management, there was a fast growing company called tim horton's inside wendys. we separated and the stock doubled. we have this fast growing retail inside jcpenney, profitable and high margins and the rest of jcpenney is shrinking. it's hard to look at it on a c
Search Results 0 to 39 of about 40 (some duplicates have been removed)

Terms of Use (10 Mar 2001)